13F filing recap · Q4 2015

What did Greenhaven Associates buy in Q4 2015?

Reported stock-position changes between this filing and the previous one.

Stock value

$5.26B

Positions

Estimated turnover

22.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

LENLennar Corp /new/$199.88Mreported value+4.09M shares TPHTri Pointe Group Inc$56.54Mreported value+4.46M shares PHMPultegroup, Inc.$28.93Mreported value+1.62M shares CAACalatlantic Group, Inc.$3.21Mreported value+84.7K shares

Increased positions

FDXFedex Corporation$674.20Mreported value+1.7K shares+0.0%GSThe Goldman Sachs Group, Inc.$605.66Mreported value+37.2K shares+1.1%JPMJPMorgan Chase & Co$598.62Mreported value+61.0K shares+0.7%EADSYAirbus SE$522.59Mreported value+2.43M shares

Reduced positions

LOWLowe’s Companies, Inc.$722.29Mreported value-343.5K shares-3.5%MMM3m Company$279.25Mreported value-397.4K shares-17.7%UPSUnited Parcel Service, Inc$196.77Mreported value-2.58M shares-55.8%OCOwens Corning$161.19Mreported value-9.9K shares

Exited positions

BAThe Boeing Company$1.62Mprior reported value-12.4K shares-100.0%BKRBaker Hughes Co$581.0Kprior reported value-11.2K shares-100.0%